Institutional Real Estate Europe
December 1, 2011: Vol. 5, Number 11Buy For $150.00 Add to Cart
Certain Uncertainty : Volatility in the Markets Is Hurting Investor Sentiment, But You’ve Still Got to Plan for the Future
The uncertainty that is an endemic part of the subdued investment market activity at present — in all asset classes, even those regarded as relative safe havens — is due almost entirely to the euro zone sovereign debt crisis that is now also playing out into a banking crisis, a leadership crisis, a political crisis for the European Union and an economic crisis for the world.
After the Storm: The Hotel Market in Germany Has Rebounded Strongly Over the Past Three Years and Now Awaits Investment Decisions
The German hotel market has always differed from other markets in Europe, such as those in France and the United Kingdom, because room rates are relatively low in comparison. Many countries began to feel the effects of the economic downturn by the end of 2008; however, in 2010 the German market showed signs of brisk recovery and proved to be a star performer as the country’s strong manufacturing industry and continued demand for exports helped Germany’s economy and hotel sector to recover faster than those of other European cities.
Facing Up to Ageing: How Will Economic Restructuring in Developed Countries Affect Inflation in Emerging Markets?
The central thesis put forward in Economic Observer, the Chinese book that I co-wrote with Arthur Shek, is that the current debt crisis is part of a long-term economic restructuring in the advanced economies as they face various issues –– an expansion of entitlement programmes, a growing balance of government debt and the increasingly significant effects of an ageing society. The issue of the ageing population has dragged down Japan, and it is also a pressing question that the United States is facing.
Filling the Void: Debt Funds Seek to Take Advantage of Limited Liquidity and Sizeable Funding Gap
Debt real estate funds were once viewed as a niche sector of the private closed-end real estate industry. No more. Investors have flocked to debt investment strategies in search of attractive risk-adjusted returns in an uncertain, often volatile, post-crash commercial real estate market.
- AEW UK Fund Receives Seed Capital from Townsend
Cordea Savills Launches Residential Development Fund
Cordea Savills has launched a fund to develop residential property in London.
InfraRed Capital Partners Acquires German Logistics
InfraRed Capital Partners (IRCP) has purchased a 51,000-square-metre logistics unit in Frankfurt.
M&G Invests in Finland, Germany and Sweden
The managers of the M&G European Property Fund have acquired three northern European properties with a combined value of €50 million.
MGPA Plans Asian Property Fund
MGPA intends to launch a core/core-plus Spezialfonds under German investment law that will target commercial property in established Asian markets such as Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan.
Pramerica and HKM Form Retail Development Venture
Pramerica Real Estate Investors, the real estate investment management and advisory business of US-based Prudential Financial, has formed a joint venture company with HKM Management AG to develop a major new shopping centre in Böblingen, near Stuttgart, in Germany’s Baden-Württemberg region.
Prime Development Opens Second Mall in Turkey
Prime Development, an international shopping centre developer and mall manager specialising in projects in Turkey, has opened Prime Mall Antakya, a shopping centre located in south-eastern Turkey.
RREEF Buys Reading Business Park for £140 Million
RREEF Real Estate, the real estate investment management business of Deutsche Bank’s asset management division, has acquired Verizon Communications’ 36,418-square-metre office headquarters complex at Reading International Business Park, on behalf of its client, a leading Asian pension fund, for £140.15 million (€163 million).
Treveria Appoints IC to Manage German Real Estate Portfolio
Frankfurt-based Treveria Asset Management GmbH, the German affiliate of UK investor Treveria, has commissioned IC Property Management GmbH, a group company of IC Immobilien Gruppe, to take over the management of its German real estate portfolio comprising 370 properties.
- Union Investment Acquires Office Project in Finland
- WW Advisors Buys Properties in Joint Ventures